Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The total liabilities of a company at the beginning of the year were $ 8 0 , 0 0 0 . During the year, it

The total liabilities of a company at the beginning of the year were $80,000. During the year, it borrowed an additional $30,000 and paid off $10,000 of its outstanding debt. What is the ending balance of Total Liabilities?
a) $70,000
b) $90,000
c) $110,000
d) $100,000
@@@ This question already posted and got correct answer. dont answer this question ,i will give 10dislikes,. do not copy from chatgpt or any ai @@@

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Budgeting And Financial Management For Nonprofit Organizations Using Money To Drive Mission Success

Authors: Lynne A. Weikart, Greg G. Chen, Edward M. Sermier

1st Edition

1608716937, 978-1608716937

More Books

Students also viewed these Accounting questions